Description
Defines the architecture of a CDFI’s loan offering. Covers: definition of eligible Indigenous borrowers (Status, Non-Status, Inuit, Metis) as an optional clause; General Portfolio; Disability Investment Fund; Youth Investment Fund (ages 15 to 18, with interest refund option, and eligibility of youth 19 to 29 for all programs); sector funds (forestry and agriculture); Cultural Livelihood loans for artisans, hunters, gatherers, harvesters and traditional medicine businesses; micro loans with General Manager and Board approval tiers; maximum amounts, permitted uses and no-refinancing rules for each; and how partner programs (Aboriginal Financial Institutions, trust and equity funds) are referenced. Lending Circles, Direct Loans and Loan Guarantees are sold as separate policies.
